Study Shows Greek Jobless Will Hit 28%

With Greek unemployment already at a record of 26 percent, a study by the auditing company Ernst & Young showed it could reach 28...

Dunant Hospital Awaits Buyer’s Decision

Henry Dunant Hospital, which was once one of the best hospitals in Greece, is now facing bankruptcy. On April 17, it was to be...

Cyprus Bailout Could Cost $11.8 Billion

As Cypriots headed to the polls on Feb. 24 to elect a new President in a run-off between the frontrunner, Conservative Nicos Anastasiades and...

Anastasiades Wants Greek Bailout Too

Awaiting a 10 billion euros ($13 billion) rescue package from international lenders, new Cypriot President Nicos Anastasiades was in Athens on March 31 looking...

State Bill Payments Still Lagging

The State’s General Accounting Office has paid 4.3 billion euros in overdue bills but still owes 1.4 billion euros to individuals, with some businesses...

Piraeus Bank Says Recap Plan Ok’d

With Greek banks on the ropes and awaiting an injection of 50 billion euros ($65 billion) in state funds, the country's second-largest lender, Piraeus...

Greece Asks EU Help To Catch Tax Cheats

Conceding that Greece can’t deal with tax cheats alone, the government is going to bring in tax experts and analysts from other European countries...

Sale Of DEPA Gas Unit Postponed

With the sale of its stake in the gambling monopoly OPAP to a Greek-Czech group done, Greece is turning its attention to selling off...

Seventh Athens Startup Weekend

The Athens Startup Weekend is scheduled to be held again for the 7th time in Athens, Greece,  following the previous successful events. The Startup Weekend...

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